Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302false2022-05-01Production and distribution of film2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10733079 2022-05-01 2023-04-30 10733079 2021-05-01 2022-04-30 10733079 2023-04-30 10733079 2022-04-30 10733079 c:Director1 2022-05-01 2023-04-30 10733079 d:CurrentFinancialInstruments 2023-04-30 10733079 d:CurrentFinancialInstruments 2022-04-30 10733079 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10733079 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10733079 d:ShareCapital 2023-04-30 10733079 d:ShareCapital 2022-04-30 10733079 d:RetainedEarningsAccumulatedLosses 2023-04-30 10733079 d:RetainedEarningsAccumulatedLosses 2022-04-30 10733079 c:FRS102 2022-05-01 2023-04-30 10733079 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10733079 c:FullAccounts 2022-05-01 2023-04-30 10733079 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10733079 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 10733079









ELSTREE 1979 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
ELSTREE 1979 LIMITED
REGISTERED NUMBER: 10733079

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
96,632
193,265

Debtors: amounts falling due within one year
 4 
10,386
3,952

Cash at bank and in hand
 5 
196
9,071

  
107,214
206,288

Creditors: amounts falling due within one year
 6 
(105,540)
(132,347)

Net current assets
  
 
 
1,674
 
 
73,941

Total assets less current liabilities
  
1,674
73,941

  

Net assets
  
1,674
73,941


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,673
73,940

  
1,674
73,941


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2024.




Jeffery Barker
Director
Page 1

 
ELSTREE 1979 LIMITED
REGISTERED NUMBER: 10733079
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ELSTREE 1979 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Elstree 1979 Limited is a private company limited by shares and incorporated in England & Wales. The address of the registered office and the principal place of business is 102 Gresham Road, London, NW10 9BY. The principal activity of the company is the production and distribution of film. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue represents sales and royalties receivable from film production and distribution.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Cost of film productions

The cost of producing films are recorded as a current asset. This cost is amortised to the statement of comprehensive income over the period in which the rights to the relevant film are being exploited by the company.



Page 3

 
ELSTREE 1979 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 4

 
ELSTREE 1979 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Debtors

2023
2022
£
£


Other debtors
10,386
3,952

10,386
3,952



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
196
9,071

196
9,071



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
900
-

Other creditors
104,640
132,347

105,540
132,347



7.


Controlling party

Jeffery Barker and Jonathan Spira jointly control the company.

 
Page 5